X0202 3 2004-09-29 0 0001115091 CALLWAVE INC CALL 0001301987 Greathouse John 136 W. CANON PERDIDO STREET, STE. A SANTA BARBARA CA 93101 0 1 0 0 Executive Vice President Common Stock 60000 D Incentive Stock Option 10.00 2004-08-26 2014-08-26 Common Stock 90000 D Incentive Stock Option 10.00 2004-08-26 2014-08-26 Common Stock 60000 D Incentive Stock Option 10.00 2004-08-26 2014-08-26 Common Stock 60000 D 45,000 shares will vest as 12.5% of the shares subject to six months after the date of grant, and as to 1/48th of shares per month thereafter. The remaining 45,000 will vest as to 25% of the shares subject to the six months after the date of grant, and as to 1/24th of shares per month thereafter. The option will be fully vested and exercisable within two years from date of grant. This option will vest 12.5% of the shares subject to six months after the date of grant, and as to 1/48th of the shares monthly thereafter, until option grant is fully vested and exercisable in four years from date of grant. /s/ John Greathouse 2004-10-06